New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-30
CLEANINU UP WHNHIIIAN bIUUH.
ANOTHER PURCHASE FROM Mr.. FIELD,

| BOUGHT by A SYNDICATE or BAsKERs-NEw TEEH-
| GRAPH RyMeRs AND D. MAILS.
further liquidation OF the holdings Of Cyrus w field
! IN the Manhattan Hallway Company made yester-
day Another largo block OF the stock sold by hin
and his Immediate feuds and this transaction Is be-
evod to complete the necessary reasatieD After the
completion Tuesday of tho purchase Of 10000 shares
| from Nr Field by in, Gould thore loft In Mr.
Fields control something 10000 sharos about
5000 shares than IL generally supposed that
he held The that induced Mr.. Field to dts
pose OF the larger block OF stock impecd him to request
transfer Of the remainder 1t s understood that
dicate OF bankers formed, which purchased about
$4,000 shares yesterday from Mr.. Field and his friends
at the price paid by Me- Goudnot less than $l20
per share. This makes total transfer OF stock
by the two transactions involving more than
S9.OOOOO0 Tho syndicate embraces bankers and
houses identified with Mr.. Gould's interests
but 4. also includes 10 is stated good authority
important foreign bankers There Is little doubt that
portion OF the recently purchased stock will go abroad
With respect TO the transfer OF Mr.. Fields interest in
Manhattan immediate change III the conduct of the
Elevated roads likely Improvements will be made for
increasing the facilities Of traffic the OF tme
but they than have been under discussion
and examination for time There is general idea
Wall street. however that the property Will receive
closer attention and from Mr.. Gould hereafter, and
progress may be made which was prevented by
lack complete harmony In the for months
past As to the question OF fares. the intimate friends OF
Messrs Gould and Sage that there is no probability
of any change from the existing universal five cont rate
The bulls" were in complete control of the stock
market yesterday and the bears panicky as
their opponents have been for wces One small failure
was annouced. that OF f. T. Williams, at No 80 Broad-s
Mr. Williams has been a member OF the Stock Exchange
June 20. 1s73 and his friends In the street
numerous. He suffered sharp losses on the long
side In the break and in the hope OF recovering
himself he shifted his position in the market Tho rapid
rise yesterday compelled his suspension but the losses
not large
Although sharp advances made throughout the
list. Western Union Telegraph stock the leader In
point OF activity and buoynncy Its rise reaching nearly
per cent from Tues night The movement gave cur
rency to renewed positive statements that the Baltimore
and Ohio deal had been "about hIeL" Part OF the
"hxug" settlement said 10 include tue transfer
OF the Baltimore Ohio Telegraph to Western Union at
a valuation Of 2i0O0000. Some conservative hou-es
were disposed place credence this story than
they have the to the extent OF behaving
that progress being % by Intermediates toward
bringing about under snding between the opposing
telegraph interests. The stability shown by Henry :;
part OF the ground OF this bcliet But MI.
Ives himself yesterday disclamed all knowledge
OF any IDEAL" The umors brought forth
the usual emphatic denials from friends OF western
Union. Jay Gould said
"If there has been any settlement haven't heard OF
IL, mas any In building and thtnk that We
would be consulted In the matter"
Then Mr. Gould added more particularly "Ihere mas
been settlement deal aud there haven't even been
any to today" Asked 40 TO his ga or te
81 900 900 said TO represent the price 10 him OF tue
Baltimore auG OHIO telegraph. he answered: 81 thnk
that's pretty high figure for the property. But sop
and sold good many times before anything Is done